237 Bainbridge St, Brooklyn, NY 11233
- $3,800,000
- 8
- BD
- 6
- BA
- List Price
- $3,800,000
- Bedrooms
- 8
- Bathrooms
- 6
- Half-baths
- 2
- Status
- ACTIVE
- Neighborhood
- Stuyvesant Heights
- Region
- Brooklyn
- MLS#
- RLS20099774
Property Description
237 Bainbridge Street presents a strong opportunity to acquire a newly constructed 8-family multifamily building in the heart of Brooklyn. Built in 2013, the property spans approximately 5,989 square feet and sits within a 30-foot-wide building, offering a desirable mix of one- and two-bedroom residences. The property benefits from high in-place income, very low expenses, and annual real estate taxes of $11,231, supported by a 421A tax abatement in place through 2031. Upon expiration of the abatement period, future ownership may have the opportunity to increase rents or explore a potential condominium conversion, subject to applicable approvals. Located just a 5-minute walk from the A/C subway lines, 237 Bainbridge offers excellent access, strong investment fundamentals, and a highly compelling option for 1031 exchange buyers.
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Additional Information
- Year Built
- 2013
- Pets Allowed
- Yes, No
- Cooling
- Central Air
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Listing courtesy of Douglas Elliman Real Estate.
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